| Transmission Lines | Design, engineering, construction of overhead transmission lines | AA-class GETCO certification; proven on-time delivery; technical expertise | Electric utilities, power developers (B2B) | Higher voltage lines (400kV and 765kV eligible) | 233 | 52 | Contract-based EPC project revenues | Fixed-price EPC contracts with price variation clauses | Rising demand for high-voltage power evacuation and grid strengthening | EHV overhead lines up to 400 kV; eligibility for 765 kV projects |
| Substations | Turnkey design, supply, construction of substations including SCADA | Partnerships with OEMs; niche technical capabilities; recognized quality | Electric utilities, industry clients (B2B) | GIS substations as premium project segment | 99 | 22 | EPC contract revenues | Project-based fixed pricing with escalation clauses | Integration of renewable power requiring complex substations | AIS and GIS substations up to 400 kV |
| Underground Cabling | Trenching, cable laying, jointing, termination for power transmission | Specialized technical skillset and safety clearances | Public utilities, urban infrastructure (B2B) | Specialized cable projects including bullet train infrastructure | 85 | 19 | Turnkey project contracts, typically utility-driven | Fixed contracts with price variation protection | Urban grid modernization and restricted overhead line routes | EHV underground cable systems at 66/132/220 kV levels |
| Operation & Maintenance | Long-term maintenance contracts for transmission assets | Established client relationships and trusted execution | Utility companies and private clients (B2B) | Substation O&M | 31 | 7 | Recurring O&M fees and service contracts | Recurring revenue based on service agreements | Sustained infrastructure upkeep demand | O&M of 69 substations and 490+ ckm of transmission lines |
